Global Industry: McDonald’s Falls Short on Profit

Bremerhaven. (bm) Competition with well-known fast food chains in the United States and the lack of a meat-free burgers on the US menu have caused McDonald’s and its investors unexpected indigestion. For the first time in two years, the world’s largest fast-food restaurant chain has missed profit forecasts. As of the third quarter of 2019, like-for-like sales are also below Wall Street’s forecasts. Other topics of the week:

• AAK: Interim Report for the Third Quarter 2019 [SE] Fri 10-25
• Orkla ASA: Operating profit up 7 percent in Q3-2019 [NO] Fri 10-25
• BakeMark: announces leadership update [US] Fri 10-25
• Campbell: announces retirement of VP Finance Strategy [US] Fri 10-25
• McDonald’s: Reports Third Quarter 2019 Results [US] Thu 10-24
• CommerceTools: Rewe Digital Accelerates Global Growth [DE] Thu 10-24
• Chipotle Announces Third Quarter 2019 Results [US] Thu 10-24
• Conagra Brands: Completes Divesture of DSD Snacks Business [US] Thu 10-24
• FHA-HoReCa: about the rising baked goods market in Asia [SG] Wed 10-23
• Chipotle: Debuts Debt-Free Degrees For All Employees [US] Wed 10-23
• Meat substitute market to reach 8.1 billion USD by 2026 [US] Wed 10-23
• Whole Foods Market: Predicts Top 10 Food Trends For 2020 [US] Wed 10-23
• Nestle S.A.: announces organizational changes [CH] Tue 10-22
• NPD Group: about the UK travel hub foodservice market [UK] Tue 10-22
• Coca-Cola: Reports Continued Strong Results in Q3-2019 [US] Mon 10-21
• Inspire Brands: Completes Acquisition of «Jimmy John’s» [US] Mon 10-21
• Kroger: to Standardize «Our Brands» Date Labels [US] Sat 10-19
• Giant Food: Announces Launch of Giant Delivers [US] Sat 10-19